Friday, September 22, 2023

The 3 Most Promising Dividend Stocks to Own Now

Since the market highs in July, stocks have been under considerable pressure. Indeed, 10-year Treasury yields are at the highest level since the global financial crisis. As a result, investors now have an alternative with a higher yield and lower risk than dividend stocks. However, over the long term, dividend stocks offer better returns. Particularly, dividend growth stocks can provide a higher return from an increasing dividend and capital appreciation. According to S&P Dow Jones Indices, since 1926, dividends have accounted for almost a third of total stock returns. Buy these stocks for their dividend growth potential...

Cheap dividend stocks with a strong track record of dividend increases: Chevron (CVX): Major projects are coming online and will boost earnings and shareholder returns. Aflac (AFL): This insurance company has raised its dividend for 41 consecutive years. Archer-Daniels-Midland (ADM): This wide-moat food and commodity business could increase its dividend substantially.

Source: InvestorPlace

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